In October the Federal Reserve raised interest rates to damp expectations Friday

Photo: CFP

Friday United States stock markets staged a startling reversal of the drama. Dow Jones industrial average opened lower after nearly 200 points, surging, up more than 200 points to close. Among them, the unit easy to network (BITA.N) led in the unit climbed 12.78%, other units in order to change the previous decline, is striking.

Beijing time on October 3, the Dow Jones industrial average rose 200.36 points, at 16472.37, or 1.23%; standard and poor's 500 index rose 27.54 points, at 1951.36 points, up to 1.43%; the Nasdaq composite index rose 80.69 points, at 4707.78, or at 1.74%.

On September 25, the Federal Reserve President Yellen issued a document entitled "inflation dynamics and monetary policy" speech, reiterated a rate hike later this year, but after the September employment report was released, some economists believe, the report basically ruled out the possibility of a Fed rate hike in October.

The report showed that weak wage growth of non-agricultural employment, their employment rate has hit a 38-year low. United States Department of labor data shows that United States September nonfarm payrolls added 142,000 people, far less than expected, 201,000 people. United States September labor force participation rate dropped to 62.4% last month to 62.6%, its lowest since October 1977.

United States Tufts University (Tufts University), Economist, Professor bulaienbeixiuen (Brian Bethune), said: "business cycle model of wind suddenly weakened, now is not the time to start tightening cycle. "

Pittsburgh National Bank (PNC Bank) senior macro Economist Gu Sifu Fletcher (Gus Faucher) says: "I think this cut off the possibility of a Fed rate hike in October and December interest rate hike has doubts about it. "Alex Fletcher had expected the Federal Reserve will raise interest rates in December.

Rate hike expected delay has also led to a dollar crash, jump in gold's safe-haven appeal. Gold prices in New York closing on Friday up more than 2%, is over 5 consecutive days of downtrend. NYMEX December gold futures closed up US $ 22.90, 2.1% per cent, at $ 1136.60 a Troy ounce, down 0.8% this week.

Weak employment data also makes markets for Federal Reserve officials to speak carefully. Federal Reserve Vice Chairman Fisher (Stanley Fischer) claim that United States short term financial stability has not received any "serious risk" of threats. He did not refer directly to monetary policy, it merely suggests that the Fed's monetary policy will be to weather the financial storm.

Last September, stock investors are suffering, due to market concerns on the one hand the emerging economies and concerns about global economic growth prospects, but also due to fears of a Fed rate hike near, p 500 overall in September decreased by 4.5%, bio-technology plays led the vanguard. New York Times the Fed rate hike tomorrow morning

Also at the end of September for a few days, cut its institutions by the end of 2015 p 500 objective points expected. Among them, the UBS and Canada Royal Bank cut expected from 2,325 points to 2,100, Goldman Sachs cut its forecast for 2% to 2000 points. Morgan Stanley is relatively optimistic, yadangpake, Chief US equities strategist expressed continued bullish about the market, does not see a high risk of recession and signs of excess capacity, and reaffirmed its bullish performance on non-necessities, financial shares risk "a modest increase".